 Just for example, problem purposes, we put it on the books here, our 12,000, imagining that that was for a 12-month time period. So now we're just going to say that the policy started in February, let's say the policy started in February, and now we're going to allocate 1,000 for the first month, only February we're going to say has passed. So one month has passed, 12,000 is for 12 months, so 12,000 divided by 12 is 1,000 a month that we're going to allocate. So we're going to consume 1,000, we're not going to have it, we're going to decrease the prepaid insurance directly, not having a contra-asset account. The reason we don't have a contra-asset account is because we know exactly how much has been consumed, as opposed to a building where we don't know how much is consumed, we just basically have to allocate the cost based on an estimate of the value of the building or the car or something like that. Alright, so it's going to decrease prepaid insurance, the other side is going to go to insurance expense, classic adjusting type of entry. So let's go to the first tab, we could do this with a journal entry, with a new and a journal, but because there's only two accounts affected, then we can use the register. So let's do that because the register is an easy thing to do. So we're going to go over to the accounting on the left hand side, remember that if you're in the business view, by the way, the registers in the bookkeeping, the bookkeeping tab, and then the chart of accounts. That's where we're going, that's where we're headed, okay? And then back on over, there's our chart of accounts. Now the expense account isn't something I can use because it doesn't have a register. So I have to use the balance sheet account if I'm going to use this register approach. And the balance sheet account is going to be prepaid insurance. So there it is, prepaid insurance. And I'm just going to use the register and I'm going to enter all of my transactions. This is going to be a journal entry format, journal entry. All of the transactions are as 022823 for an adjusting entry. I'm not going to put anything in for the payee and the memo. I'm just going to put ADJ entry. Now you might put more than that. You might say that you put the term of the policy term dates on when the coverage is covered that might help you with the calculation. So you could put the calculation there, but at the very least, we want to indicate that it's an adjusting entry so that the accounting department and us can know that that's something that was done on the adjusting side of things. It's going to be a decrease of $1,000. And the other side, we're going to have to choose an account. I haven't put anything to the insurance account yet. So I'm going to just type in insurance and see what they have. And this is what they have. They've got insurance and then they put in subcategories, business insurance, liability insurance, property insurance, rental insurance. This is probably a fairly good setup to be using with the insurance to have a parent account of insurance and the different kinds of insurance. If you only have one kind of insurance, like business insurance, then you can just put it into the insurance expense account itself, possibly. And it still gets a little bit tricky even with insurance because some insurances could fall somewhere else, like an auto insurance, possibly. You might put under the subcategory of auto expense or you can put it under the subcategory of insurance. So I'll pick maybe a liability insurance here. Let's pick that one that we're practicing with. This should be 1,000, not 10,000. 1,000, not 10,000. Okay, so that should do it. And so let's save it. Boom.